Arabica Coffee (KC) surged more than 1% yesterday, extending at one point to just shy of its 2023 high (formed April on the March contract). Nevertheless, the continuous contract (as seen easier on a monthly contract tradingview.com) does not appear likely to form a fresh 2023 high until at least sometime in January…
Arabica Coffee (KC) surged more than 1.5% yesterday, closing further above the 76.4% Fib retrace of its slide from its 2023 high (formed April). With yesterday’s fresh December high, odds are dramatically higher for a retest of the 2023 high (on the March contract) by year end…
Arabica Coffee (KC) gained more than 0.5% yesterday, closing just above the 76.4% Fib retrace of its slide from its 2023 high (formed April). Odds are now elevated for a reclaiming of the December high by the weekend, which would dramatically increase odds of a retest of the 2023 high (on the March contract) by year end…
Arabica Coffee (KC) surged almost 4% yesterday from just above the psychologically key 175 whole figure level to decisively above the 61.8% Fib retrace of its slide from its 2023 high (formed April). Any reclaiming of the December high by Xmas will dramatically increase odds of a retest of the 2023 high (on the March contract) by year end…
Arabica Coffee (KC) edged lower Friday with its daily Doji, retesting the 61.8% Fib retrace of its slide from its 2023 high (formed April) and closing just above the psychologically key 175 whole figure level. Nevertheless, odds remain moderate for a retest of the 2023 high (on the March contract) by year end…
Arabica Coffee (KC) rebounded more than 1% yesterday, retesting the 61.8% Fib retrace of its slide from its 2023 high (formed April) after bouncing off the psychologically key 175 whole figure level. Odds are moderate for a retest of the 2023 high by year end…
Arabica Coffee (KC) slid a massive more than 4.5% yesterday, closing once again below the 61.8% Fib retrace of its slide from its 2023 high (formed April) to near the psychologically key 175 whole figure level. Nevertheless, odds remain moderate for a retest of the 2023 high by year end…
Arabica Coffee (KC) rebounded nearly 2.5% yesterday, with the weekly Hammer forming trying to reclaim the 76.4% Fib retrace of its slide from its 2023 high (formed April). With this week’s low holding at the psychologically key 175 whole figure level, odds are moderate for a retest of the 2023 high by year end…
Arabica Coffee (KC) slid more than 2.5% yesterday, finding support on its daily Hammer near the 61.8% Fib retrace of its slide from its 2023 high (formed April) just above the psychologically key 175 whole figure level. Although odds are moderate for KC to slide further in the next few days to upchannel support (on the 4hr chart), KC is unlikely to fall and stay below downchannel resistance (on the weekly chart) for more than a week or so…
Arabica Coffee (KC) edged lower Friday with a daily Doji/Hammer, hesitating after overshooting above upchannel resistance (on the 4hr chart). Regardless of any further healthy consolidation early week, odds are fairly low this week for a slide back to the 4hr chart upchannel support…
